A new twist was this Thursday morning was added to the EFCC-Fayose -Zenith Bank saga as a Court of Appeal sitting at Ado-Ekiti, Ekiti State ordered that the state governor’s account with Zenith Bank be frozen forthwith.
With this move, the appellate court effectively set aside the Federal High Court, Ado-Ekiti judgement delivered by Justice Taiwo Taiwo in December 13,2016 to the effect that EFCC lacks the power to freeze the governor’s account.
The appellate court in a unanimous decision, and in the lead judgement read by Justice Justice J.S Ikeyegha set aside the lower court’s decision and ordered the account frozen.
It would be recalled that the upon the judgement of the lower court, the governor withdrew the sum of N5m and transferred the sum of N75n to his lawyer, Mr Mike Ozekhome SAN.
Also recall that the Governor Fayose also circulated pictures of a top management team of Zenith Bank Plc on Thursday evening begging him over the bank’s role in the whole controversy.
The governor says Zenith Bank helped in funding his election in 2014, in his bid to deny an allegation by the government linking him to a $2.1 billion arms money reportedly diverted by the former Goodluck Jonathan administration.
But Mr. Fayose accuses the bank of lying to the Economic and Financial Crimes Commission about the transaction, and his public comments on the case are believed aimed at getting even with the bank’s leaders.